South East ResearchAll the latest research from the South East of England
The Economic Outlook reports that in Kent the situation is positive with increased orders from businesses reinforced by concerted efforts to increase Kent’s business potential with two new Regional Growth Fund programmes, TIGER in North Kent and Escalate in West Kent due to be launched in November 2013.
Lambert Smith Hampton (LSH), has published its annual Thames Valley Office Market Report, which claims that there is evidence of economic growth across the region as business expansion fuels increasing numbers of occupational deals.
By the end of 2012, the total office take up in the M27 area is expected to fall short of last year’s figures, according to a report by BNP Paribas Real Estate.
Following robust take-up in the second half of 2011, Q1 take-up was relatively subdued in the M25 and the M4, at 25% and 33% respectively below the 10-year quarterly average.
The Thames Valley experienced a strong start to 2011, laying the foundations for a steady year. The quarter saw a number of milestones achieved.
Investment in industrial and logistics property was higher in the first half of 2013 than during the whole of 2012, according to research from CBRE.
Take-up in the M25 market surpassed 1 million sq ft for only the second time in 18 months.
“A gradual improvement in economic conditions, together with a pickup in air freight activity at Heathrow, should support stronger occupier demand for industrial and distribution floorspace in this market going forward.
Total M25 availability fell for the second successive quarter to stand at its lowest level for 12 months.
The M4 and wider Thames Valley is leading the recovery in the South East market. In the M4, Q1 2011 take-up marginally exceeded the ten year quarterly average while, in the M25, it was 30% below average.